Socialists deny move to allow removal of Jarai

The governing Hungarian Socialist Party (MSZP) categorically denied a report Wednesday by the daily Magyar Nemzet that the party is preparing legal modifications that would allow the removal of Zsigmond Jarai, governor of central bank MNB.

The daily's allegations "lack any foundations whatsoever," the MSZP said in a statement. "The president of the National Bank of Hungary will be Zsigmond Jarai until 2007," the expiration of his tenure, according to the party's statement.

Magyar Nemzet